The benchmark European stock index jumped 0.5%, its highest since Feb. 26 while in Asia, Shanghai, Tokyo and Hong Kong advanced.
Asian shares rose on Wednesday after a strong lead from Wall Street fuelled by hopes for additional U.S. economic stimulus and a coronavirus vaccine, but trade was choppy as some investors booked profits.
Stocks rebounded on Tuesday, with Washington’s approval of an $892 billion pandemic relief package helping them recover some of the losses caused by fears over a highly infectious new strain of COVID-19.
Britain on Tuesday offered a 4.6 billion pounds ($6.2 billion) support package for businesses struggling to cope with a third national lockdown, imposed this week to stem a new wave of COVID-19 cases sweeping the country.
The package, its fifth, takes the total economic stimulus from the government of Dubai, part of the UAE, to Dhs7.1 billion since March last year, Dubai Crown Prince Sheikh Hamdan Bin Mohammed said on Twitter.
The US economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected to be the strongest performance this year in nearly four decades.
It goes without saying that we can’t have a life without crisis. Therefore, that is not the point. The point is that all crises — manmade or natural — affect the ordinary most. They also make the well-off pay, but it is the hoi polloi that mainly
The COVID-19 pandemic in the United States has left millions of people struggling to make ends meet. Massive government spending, especially the stimulus cheques, has provided crucial relief. But the checks are just a band-aid
When COVID-19 struck, India’s was the fastest growing large economy. The pandemic knocked it hard. For the first time in half a century the economy,